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    918 Chatham Heights Rd Martinsville, VA 24112

    Sponsored
    For Sale
    $94,900

    Commercial - Martinsville, VA

    Lot size:
    0.23 Acres
    Days on Market:
    6
    Last Refresh:
    Jan 6 at 8:06 pm

    Property Features for 918 Chatham Heights Rd

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1
    Bathrooms
    1
    Lot size
    0.23 Acres

    Building Details

    Year built
    1928
    Floors in Building
    1
    Architectural style
    Other

    Adams Realty,Inc. (276) 647-5277

    Listing agent Penny Elliott (276) 647-5277

    Listing date Jan 1, 2026

    MLS# 145690 Listing URL

    Copyright © 2026 Martinsville, Henry, Patrick Counties Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Martinsville Commercial Property For Sale

    This commercial property in Martinsville, Virginia, offers significant potential for a new business venture. The property features a front office with the possibility of creating two additional offices. It includes a full kitchen, laundry facilities, and a full bath, all located on one level, along with ample storage space. The property's layout and amenities make it suitable for various business types, such as an insurance office, beauty shop, or nail salon. The estimated lot size is 0.23 acres. All information was obtained from the tax assessment.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Building Supply Wholesale Shop Department Store Discount Store Furniture Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Martinsville
    County
    Martinsville
    State
    Virginia
    Longitude
    -79.8574
    Latitude
    36.7249

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    FAQs

    What type of property is this?
    Retail space - Commercial property with potential for various business uses.
    Where is this retail space located?
    The property is located at 918 Chatham Heights Rd Martinsville, VA.
    What is the asking price?
    The asking price for this property is $94,900.
    What are key features of this property?
    This property features: - Potential for various business types, including insurance, beauty shop, and nail salon.; - Includes a full kitchen, laundry, and full bath.; - Features a front office with potential for 2 additional offices.
    (276) 252-4247
    Request Owner's contact information
    918 Chatham Heights Rd Martinsville, VA 24112
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    918 Chatham Heights Rd Martinsville, VA 24112
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